Markets were closed for holidays in Shanghai and South Korea.
Hong Kong’s benchmark shed more than 2% after troubled property developer China Evergrande’s shares were suspended from trading.
Crude prices fell slightly ahead of a meeting of major oil producers. There was no sign that a spill from a pipeline off the California coast was having an impact on prices. U.S. benchmark crude oil CL.1, -0.11% shed 21 cents to $75.67 per barrel in electronic trading on the New York Mercantile exchange. It gained 85 cents to $75.88 per barrel on Friday.
OPEC and other major oil producers were stung by deep production cuts in 2020 during the depths of the pandemic and have been increasing output slowly. The Dow Jones Industrial Average DJIA, +1.43% climbed 1.4% to 34,326.46. The Nasdaq composite COMP, +0.82% gained 0.8% to 14,566.70.
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